Renovation of a mixed-use development in Frenchtown, New Jersey. Completed plans call for the renovation of a educational facility.

Subcontractors named in the Form of Bid Proposal for Structural Steel, Plumbing, Heating Ventilating and Air Conditioning, and/or Electric, who perform any work on the Project must be prequalified prior to the submission of bids, pursuant to the State of New Jersey Division of Property Management and Construction (DPMC). Each bid must be accompanied by proof of Contractors DPMC classification status. The Owner reserves the right to reject all bids and waive any minor informality in the bidding process in accordance with the law, if it is in the best interest of the Owner. All bidders must use and complete all bid forms provided in the manner designated and must comply with all requirements contained in the instructions and specifications. Bids shall be placed in a sealed envelope with the name of the project clearly marked on the front of the envelope and accompanied by a bid guarantee in the form of a Certified Check, Cashiers Check, or Bid Bond in the amount of Ten Percent 10% of the bid, but not more than $20,000. The Performance and Payment Bonds shall be in the amount of one hundred percent (100%) of the awarded contract amount. The Bid Guarantee shall be forfeited if bidder fails to execute a contract with the Owner and furnish the Owner with a satisfactory performance/labor and materials bond and the required certificates of insurance within ten (10) days after the contract is awarded. In the event the bidder defaults by failing to execute the contract or to provide all guarantees, insurance and other items required, the funds represented by such bidder's bid guarantee shall be released to the Owner and become and remain the property of the Owner.